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Stephens takes stake in CRUX

Stephens, one of the largest, privately-held financial services firms in the US, through a wholly owned subsidiary entity, is to take a minority ownership stake in active equity investment manager CRUX Asset Management, subject to FCA approval.

The proposed transaction will result in Stephens holding approximately 20% of CRUX share capital and new Ordinary shares will be issued to support the deal. John Stephens, who is currently a Senior Vice President with Stephens’ affiliate Stephens Inc, will join the CRUX board as a Non-Executive Director once FCA approval of the transaction has been obtained
 
Stephens, which has a strong focus on family investments, private equity, asset management investment banking, wealth management, public finance and insurance brokerage, is based in Little Rock, Arkansas, with additional locations in strategic domestic markets and a European practice in the UK and Germany. Founded in 1933 the firm serves a broad range of clients, with an emphasis on long-term relationships and long-term results.

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